3 BRICS Powers Ditch $180B US Bonds, Hold 3,350+ Tons Of Gold Now
BRICS nations—China, India, and Brazil—have accelerated their retreat from US Treasury securities, offloading approximately $183.2 billion between October 2024 and October 2025. This coordinated sell-off coincides with a surge in gold reserves, now exceeding 3,350 tonnes collectively valued at $430-450 billion. The MOVE underscores a strategic pivot away from dollar-denominated assets amid concerns over currency volatility and geopolitical risks.
India led the October 2025 divestment with $12 billion in Treasury cuts, followed closely by China ($11.8 billion) and Brazil ($5 billion). Analysts at ING characterize this as a structural shift rather than temporary rebalancing, noting BRICS' growing preference for gold as a hedge against dollar weaponization and Washington's political instability. The trend aligns with the bloc's de-dollarization agenda, gaining momentum since 2022.
